Consumption
in sentence
2633 examples of Consumption in a sentence
But, as has been demonstrated in areas like air pollution, traffic congestion, spectrum allocation, and tobacco consumption, market mechanisms are often the best way for governments to address such failures.
Firms and consumers reacted to this year’s shocks by “temporarily” slowing consumption, capital spending, and job creation.
Even now, many Americans believe that the simple solution to the nation’s problem is just to cut taxes and goose up private
consumption.
With
consumption
and investment lagging, the US economy is bound to stagnate.
The water in as many as half of the country’s rivers and lakes is unfit for human
consumption
or contact.
Because such distortions (a legacy of the dual-track transition) result in income disparities, they ultimately repress domestic
consumption
and contribute to China’s trade imbalance.
China’s import demand is slowing in line with its economic structure’s shift away from industry and toward services and household
consumption.
More important, wealth and
consumption
in China are closely related to real-estate values, not equity values.
And, while the subsidies may improve the quality of life for ordinary people in some respects, they also detract from it by suppressing domestic
consumption.
Infrastructure investment will inevitably run up against the law of diminishing marginal returns, but
consumption
growth does not have a limit.
Suppressing
consumption
thus suffocates future growth, and the share of household
consumption
in GDP has declined from 67% in the mid-1990’s to below 50% in recent years, with most of the decline reflecting the distortions created by government policies.
The short-run impact – as always occurs when oil prices rise quickly – was to reduce growth by reducing
consumption
of other goods, because oil
consumption
does not adjust as quickly as that of other goods and services.
But, given time, people can and do respond by lowering their
consumption
of oil.
If more nominal demand is desirable, it would make sense to skew it toward investment, not
consumption.
The Renewable Energy Sources Act, for instance, introduced in 2000 by a Social Democrat-Green government, has enabled the country to exceed all growth expectations in the alternative-energy sector, which now accounts for 20% of Germany’s total electricity
consumption.
Over the next few decades, almost all of the world’s growth in energy consumption, urbanization, automobile usage, airline travel, and carbon emissions will come from emerging economies.
One explanation is that the advanced economies had taken on too much debt and needed to deleverage, contributing to a pattern of public-sector underinvestment and depressing
consumption
and private investment as well.
At what rate should future impacts – particularly losses of future
consumption
– be discounted to the present?
The
consumption
discount rate should account for the possibility that, as
consumption
grows, the marginal unit of
consumption
may be considered to have less social value.
This is analogous to the idea of diminishing marginal private utility of private consumption, and is relatively uncontroversial, although researchers disagree on its magnitude.
Let’s assume that costs to prevent additional accumulation of CO2 (and equivalents) come to 1% of GNP every year forever, and, in accordance with a fair amount of empirical evidence, that the component of the discount rate attributable to the declining marginal utility of
consumption
is equal to twice the rate of growth of
consumption.
Western women, we should challenge ourselves to follow this story and find ways to do what is right in changing our own
consumption
patterns.
It runs a trade deficit only when it invests a lot while simultaneously not limiting
consumption.
If a developing country has high savings (despite efforts to increase current consumption) as a result of structural factors, the best strategy is not to reduce savings through short-run “external shocks,” such as dramatic exchange-rate appreciation, which may kill export industries overnight.
Savings could remain high, even as current
consumption
grows slowly, while the trade balance would be held in check by higher demand for imported capital goods.
Moreover, investment in public infrastructure and urban facilities will not create industrial “over-capacity”; instead, it will provide long-term public
consumption
durables that households and companies will use for years to come.
A savings rate of 50% of GDP is too high under any circumstances, and household
consumption
equivalent to 35% of GDP is too low.
High domestic investment may for the time being prevent “surplus savings” from creating too much upward pressure on the external balance, but, given trends in China’s terms of trade, growth without an increase in domestic
consumption
is unsustainable over the long run.
But what China really needs is a greater effort to promote domestic
consumption
and lower the savings rate.
The old style of Anglo-American capitalism was built on manufacturing; but the new style rests on debt – particularly home ownership – to maintain
consumption
and high standards of living.
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